Seven EPF members convicted for fraudulent housing withdrawals

KUALA LUMPUR: Seven members of the Employees Provident Fund (EPF) were convicted by the courts for fraudulent housing withdrawals in the second quarter of this year.
EPF said the seven were convicted under Section 59 of the EPF Act 1991 and fined a total of RM8,700 by the courts.
EPF Head of Corporate Affairs Nik Affendi Jaafar said the retirement savings fund viewed fraudulent claims by members seriously and would not hesitate to take legal action against dishonest members.
"We also do not deny the involvement of third parties or syndicates who helped desperate members withdraw from their EPF savings through fraudulent means," Affendi said in a statement. – Bernama